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Statements Of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
Operating Activities      
Net income (loss) $ 3,531,933 $ (10,286,884) $ 9,321,341
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 18,397,548 24,487,565 23,821,139
Impairment 662,990 [1] 12,001,271 [1] 5,009,191
Provision for deferred income taxes 375,000 (9,960,000) 2,672,000
Gain from leasing fee mineral acreage (5,147,957) (7,732,023) (2,007,993)
Proceeds from leasing fee mineral acreage 5,194,290 8,049,434 2,053,900
Net (gain) loss on sales of assets 94,889 (2,688,408)  
Common stock contributed to ESOP 312,380 200,158 185,113
Common stock (unissued) to Directors' Deferred Compensation Plan 358,658 329,465 302,353
Restricted stock awards 597,940 781,479 895,127
Other (5,783) 81,606 449,905
Cash provided (used) by changes in assets and liabilities:      
Oil, NGL and natural gas sales receivables (2,298,256) 2,589,146 8,151,379
Fair value of derivative contracts (944,430) 4,639,035 (2,308,922)
Refundable income taxes (406,071) 262,023 (345,897)
Other current assets 165,557 308,980 252,807
Accounts payable (103,389) (811,749) (343,186)
Income taxes payable     (523,843)
Accrued liabilities (27,107) 388,053 40,500
Total adjustments 17,226,259 32,926,035 38,303,573
Net cash provided by operating activities 20,758,192 22,639,151 47,624,914
Investing Activities      
Capital expenditures, including dry hole costs (25,807,897) (3,986,235) (30,800,625)
Acquisition of working interest properties     (308,180)
Investments in partnerships (23,563) 50,126 (533,580)
Proceeds from sales of assets 723,700 4,501,726  
Net cash used in investing activities (25,107,760) 565,617 (31,642,385)
Financing Activities      
Borrowings under debt agreement 27,809,185 12,339,101 25,833,116
Payments of loan principal (20,087,185) (32,839,101) (38,833,116)
Purchases of treasury stock (601,853) (117,165) (242,313)
Payments of dividends (2,684,001) (2,677,305) (2,669,056)
Excess tax benefit on stock-based compensation   (43,000) 23,000
Net cash provided by (used in) financing activities 4,436,146 (23,337,470) (15,888,369)
Increase (decrease) in cash and cash equivalents 86,578 (132,702) 94,160
Cash and cash equivalents at beginning of year 471,213 603,915 509,755
Cash and cash equivalents at end of year 557,791 471,213 603,915
Supplemental Disclosures of Cash Flow Information      
Interest paid (net of capitalized interest) 1,212,878 1,365,474 1,558,885
Income taxes paid, net of refunds received 720,072 2,029,977 3,009,939
Supplemental schedule of noncash investing and financing activities:      
Additions and revisions, net, to asset retirement obligations 624,893 14,095 70,529
Gross additions to properties and equipment 25,406,894 5,118,733 26,183,115
Net (increase) decrease in accounts payable for properties and equipment additions 401,003 (1,132,498) 4,925,690
Capital expenditures, including dry hole costs $ 25,807,897 $ 3,986,235 $ 31,108,805
[1] At the end of each quarter, the Company assessed the carrying value of its producing properties for impairment. This assessment utilized estimates of future cash flows or fair value (selling price) less cost to sell if the property is held for sale. Significant judgments and assumptions in these assessments include estimates of future oil, NGL and natural gas prices using a forward NYMEX curve adjusted for projected inflation, locational basis differentials, drilling plans, expected capital costs and an applicable discount rate commensurate with risk of the underlying cash flow estimates. These assessments identified certain properties with carrying value in excess of their calculated fair values.